Billionaire investor George Soros said late Tuesday that the re-election of President Barack Obama will open "the door for a more sensible politics."
Soros, who has contributed mightily to Democratic causes, told Reuters: "I'm delighted that President Obama has won. The American electorate has rejected extremist positions, opening the door for a more sensible politics.
"Hopefully the Republicans in office will make better partners in the coming years, most urgently in avoiding the so-called fiscal cliff."
(Reporting By Jennifer Ablan and Matthew Goldstein; Editing by Doina Chiacu)
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The Lok Sabha on Thursday backed a new bankruptcy code, a crucial step towards establishing a debt resolution regime to strengthen the hands of banks seeking to recover $120 billion in troubled loans. Full Article